353.802 Legislative findings and declarations relating to geologic storage of carbon

176 words·~1 min read·/ky/353-802

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

dioxide. The General Assembly finds and declares that:

(1)The geologic storage of carbon dioxide will benefit the environment and the citizens

of the Commonwealth;

(2)It is vital that long-term geologic storage of carbon dioxide in the Commonwealth

be accomplished without disturbance of surface, mineral, or water resources and

that public safety is ensured;

(3)Carbon dioxide has current and potential value and its geologic storage may allow

for its orderly withdrawal as necessary for commercial, industrial, or other uses,

including for enhanced oil and gas recovery;

(4)Development and deployment of carbon capture and storage technology in the

Commonwealth will allow industries to utilize diverse fuel sources, create jobs,

contribute to state and local tax bases, and enable Kentucky industries to remain

competitive in the global economy; and

(5)Attracting demonstration or pilot scale projects that incorporate carbon storage or

projects that integrate carbon capture and storage is an economic development

priority that will create jobs for Kentuckians and favorably position the

Commonwealth for future leadership and growth in the field of carbon storage.